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Shea Levin · Sep 3, 2026

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Global oil prices climbed to fresh six-week highs as renewed U.S. strikes against Iran and escalating tensions across the Middle East increased concerns over potential disruptions to energy supplies. Brent crude climbed above $97 a barrel while U.S. crude rose above $93, with sharply reduced shipping through the Strait of Hormuz adding further pressure to global energy markets.
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